Do Homework - Module 2 Homework - Google Chrome X mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=657948878&questionld=1&flushed=false&cld=7556117¢erwin=yes ACCT 601 - Accounting for Decision Making and Control Abby Ackerman 09/06/23 11:54 AM

Do Homework - Module 2 Homework - Google Chrome X mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=657948878&questionld=1&flushed=false&cld=7556117&centerwin=yes ACCT 601 - Accounting for Decision Making and Control Abby Ackerman 09/06/23 11:54 AM Homework: Module 2 Homework Question 2, P2-51 (similar to) HW Score: 2%, 1 of 50 points Part 1 of 3 Points: 0 of 3 Save Question list K Sophie Fulton is the manager of Zerek's traditional Sunday Flicks, sponsored by the Zerek Student Association. The admission price is deliberately set at a very low $2.5. Each Sunday, a film has two showings and a maximum of 1,200 tickets can be sold for each showing. The rental of the auditorium is $280 and labor is $380, including $100 for Fulton. Fulton must pay the film distributor a guarantee, ranging from $260 to $1, 150, or 40% of gross admission receipts, whichever is higher. Before and during the show, she sells refreshments; these sales average 10% of gross admission receipts and yield a contribution margin of 50%. Read the requirements. Question 1 Question 2 Requirement 1. On June 3, Fulton screened The Descendants. The film grossed $5, 160. The guarantee to the distributor was $840, or 40% of gross admission receipts, whichever is higher. What operating income was produced for the Student Association? Film Refreshments Total O Question 3 Revenues from admissions 5160 Variable costs Contribution margin O Question 4 Fixed costs: Auditorium rental 280 O Question 5 Labor 380 Operating income O Question 6 Question 7 O Question 8 Question 9 Question 10 Question 11 Question 12 Help me solve this Video Get more help - Clear all Check